Crypto Bull Run Continues Amid Positive Macro Developments, Trump’s Trade Talks Boost Sentiment
The cryptocurrency market saw continued bullish momentum over the weekend, driven by a series of favorable macroeconomic developments.
The most significant catalyst for the rally came from a post by former President Donald Trump on Truth Social, detailing positive trade discussions between the U.S. and China in Switzerland. Trump described the meeting as a “very good” one, noting that “many things discussed, much agreed to,” and emphasizing a “total reset” in trade negotiations. “We want to see, for the good of both China and the U.S., an opening up of China to American business. GREAT PROGRESS MADE!!!” he added.
In addition to the trade talks, Trump also announced a “full and immediate” ceasefire in the escalating conflict between India and Pakistan, further boosting market optimism.
Rounding out the trio of positive news, Russian President Vladimir Putin signaled a willingness to engage in “serious talks” with Ukraine, proposing discussions “without preconditions” in Turkey next week, which raised hopes of de-escalation in the ongoing conflict.
These developments fueled a continued surge in cryptocurrency prices, with Bitcoin (BTC) surpassing the $105,000 mark, gaining 1.5% in the past 24 hours. Ethereum (ETH) continued its strong performance, jumping 7.7% over the same period.
